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So, what is the real reason Apple is banning Bitcoin
wallets? It's because Bitcoin remains a murky proposition from a
legal perspective.
In December Apple removed apps that were using Bitcoin for
transactions. At the time, Bitcoin startup Gliph
wrote a long post about Apple and Bitcoin.
This doesn't make much sense, really. If Apple was
anti-mobile payments it would ban PayPal, Square, and all the
apps of banking companies.
If you've followed the coverage of Apple and Bitcoin, this
is the explanation that pops up over and over again.
Blockchain, a Bitcoin wallet, says that Apple evicted
it "due to an unresolved issue."
The founder of
Blockchain
told Wired
,
"
I think that Apple is
positioning itself to take on mobile payments in a way they
haven’t described to the public and they’re being
anti-competitive."
Without iOS, Bitcoin is missing out on some of the most
valuable mobile users.
AP
So, basically, it looks like Apple is waiting for legal
clarity with Bitcoin before it starts approving apps that do
Bitcoin transactions.
This is a bit of a problem for Bitcoin, which is trying to go
mainstream. Despite Android's popularity, the
iPhone is still the best platform for e-commerce.
Bitcoin isn't illegal in the U.S. It's not regulated though,
either. It's in this weird in-between state. It's an unregulated
currency. In other countries, Bitcoin is in a similar position.
In China, for instance, financial firms aren't allowed to use it,
and the biggest e-commerce company in China has banned
it.

In that post, it highlighted rule 22.1 from the App Store's
guidelines: "Apps must comply with all legal requirements
in any location where they are made available to users. It is the
developer’s obligation to understand and conform to all local
laws."
Apple has
removed another Bitcoin application from the App Store.